Memorandum by the Adviser on International Economic Affairs (Feis) to the Secretary of State

Subject: Lend-Leasing of Silver to India.

My Dear Mr. Secretary: We have discussed this matter with the Senior Treasury Representative and an official of the Indian Government here on Treasury business. I believe this short Memorandum of Conversation38 covers the main points of the present situation. It was agreed that the discussion should continue directly with the Treasury and the State Department should not enter into the discussion until or unless it becomes deadlocked, in which case the Embassy would inform us.

H. Feis
  1. July 16, supra.